CZ claims that Binance hides the proof of its demonstration and calls it a routine delay.
Binance’s June report confirmed the backing of the 1:1 asset, with a significant increase in BTC holdings.
FUD comes from trader James Wynn, known for his major high lipid losses and controversy.
Don’t try to spread rumors around CZ!
In ciphers, doubts spread quickly, especially when targeting big names like Binance. One tweet is everything you need to stir up fear, stir up fuel speculation and send social media to overdrive. However, this time the response was just as fast as it was, coming straight from above.
This is everything about Twitter talk.
Wynn claims Binance is hiding its reserves
Over the weekend, Hyperquid Trader’s James Wynn accused Binance of skipping monthly Reform-of-Reserves (POR) updates.
His deleted posts since then have been read: “Binance has not yet posted any evidence of reservations! §!§®Binance is famous for posting preliminary evidence on the 1st of each month!!!”
The message raised concerns about transparency, but Changpeng Zhao (CZ) responded quickly.
CZ Slam FUD
CZ shut down the claim with a short reply with X:
bruh…fud. 4. Vinance usually takes several days to publish. Usually, number 5 or 6 days. The snapshot is taken first. Check the history appropriately.
Thank you for paying attention to Binance. 😆
– CZ🔶BNB (@CZ_BINANCE) July 4, 2025
He says Binance takes a snapshot of the appointment on the 1st of each month, but the actual report will be released a few days after verification. This has been a standard process for several months.
Some users appreciated the clarification, while others felt that CZ was paying too much attention to posts that didn’t deserve.
June Por confirms strong support
Binance’s June Proof-of-Reserves report has already been published, making sure that all user assets are behind a 1:1.
The data also shows a significant increase in BTC Holdings, with Binance’s non-customer Bitcoin balance jumping from 2,746 BTC in February to 606,080 BTC in June. The balance between ETH and SOL remains low, indicating a strong position for Bitcoin.
Who is James Wynn?
Wynn has become known for his dangerous high lipid trade and some very public losses, including $100 million missed profits. He also asked for donations to continue the deal, and previously promoted tokens linked to Andrew Tate. This is currently down 97% from the peak.
Now it appears he’s shifting towards a big commentary, but this time it backfired.
He even answered the clarification of the CZ.
Please know!
Thank you for kindly informing me that I’m wondering/I’m not aware…
– Wynn, James Wynnreal (@jameswynnreal) July 4, 2025
CZ remains a key voice for cryptography
Although CEOs are no longer CEOs, CZ continues to play a leading role in defending Binance’s reputation. From dealing with misinformation to strategic moves like Nano Labs’ BNB-only reserves, he hasn’t come out of the spotlight.
In a recent interview with Anthony Pipriano, CZ shared his views on the future of the industry, including cryptography, leadership and that he is still very involved.
And when it comes to online FUD, he keeps it simple. Correct the facts and move on.